Citigroup Stock News

Citigroup (C -0.30%) is one of the best-known banks in the United States and probably the world. But it doesn't have the best history when it comes to dealing with adversity, given its less-than-impressive performance during the Great Recession.

Citigroup said on Monday it had appointed Wenjie Zhang as its new country officer and banking head for China, after the exit of its former China head in November.

Warren Buffett became a legend for his investing prowess. These days, though, the 94-year-old billionaire is disinvesting more than he's investing.

Shares of Citigroup (C 0.67%) have outperformed at the start of 2025, returning a solid 4% year to date as of this writing, despite the stock market turbulence. The megabank has managed to brush aside uncertainties regarding the looming impact of sweeping changes to U.S. trade policy, while capitalizing on resilient economic conditions.

Citigroup CEO Jane Fraser says she is "very encouraged" by the "clarity" and "direction" coming from the Trump administration, which in turn helps the top bank support Main Street.

The U.S. banking industry reported $70.6 billion in profits in the first quarter of 2025, a jump of 5.8% from the previous quarter, the Federal Deposit Insurance Corporation reported Wednesday.

Poland's Citi Handlowy announced late on Tuesday that it has established new strategic development directions for years 2025 through 2027, on the condition that an agreement to sell its consumer business to VeloBank is sealed.

Citi Handlowy, a Polish banking business that is majority-owned by a Citigroup subsidiary, plans to sell its consumer banking business to VeloBank S.A., a Poland-based universal bank.